Meta, Microsoft and other technology giants have formed a group to speed up development of industry standards for the Metaverse business.
Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to gaming companies, as well as established standards-setting bodies like the World Wide Web Consortium (W3C).
The global metaverse market is estimated to have reached $38.85 billion in 2021.
Apple, which analysts expect to become a dominant player in the metaverse race once it introduces a mixed reality headset this year or next, is not part of the Metaverse Standards Forum.
Gaming companies Roblox and Niantic and emerging crypto-based metaverse platforms like The Sandbox and Decentraland also were not included among the forum’s participants.
Apple has been involved in creating web standards such as HTML5 in the past. For three-dimensional content in the metaverse, Apple worked with Pixar on the USDZ file format and with Adobe to ensure it supported the format.
Neil Trevett, an executive at chip maker Nvidia who is chairing the Metaverse Standards Forum, said in a statement to Reuters that any company is welcome to join the group, including participants from the crypto world.